XRP Ledger Introduces Native Single-Asset Vaults Through XLS-65 Amendment

The XRP Ledger has launched a new decentralized finance (DeFi) feature through the XLS-65 amendment, which enables native single-asset vaults on the protocol.

These vaults allow multiple users to pool a single asset into a shared on-chain structure, making it possible for users to manage assets collectively. The model works at the protocol level and does not rely on smart contracts or external bridges.

The XLS-65 amendment introduces new native single-asset vaults that support pooling of XRP, IOU, or MPT tokens. When users deposit funds into a vault, they receive proportional shares represented by MPT tokens, which represent their ownership in the vault.

When holders return their shares, they can withdraw the matching portion of the underlying asset. The feature provides a native system for pooled asset management and creates the foundation for DeFi products that require shared liquidity, such as lending systems, yield tools, and treasury management services.